HVS Europe Hotel Transactions Bulletin Week Ending 20 December 2024

A summary of European hotel deals offered by HVS

Covivio gets Iberostar Waves Las Dalias on Tenerife from Starwood Capital

Covivio, through its 52.5%-owned subsidiary Covivio Hotels, has actually gotten the four-star, 429-room Iberostar Waves Las Dalias on Tenerife, Spain, from a business managed by Starwood Capital, for EUR81 million (EUR188,800 per space). The hotel is rented to Spanish operator Iberostar on a triple net lease till 2041, with the cost supposedly showing a 6.75% stabilised yield. Tenerife is the biggest of Spain’s Canary Islands, and the home is positioned on the south side of the island, in Costa Adeje, simply a five-minute walk from the sea and 16 kms from Tenerife’s primary airport, Reina Sofia. The hotel consists of 2 swimming pools, one dining establishment and 3 bars. This deal is Covivio’s very first hotel home acquisition given that 2020.

Tipberry obtains Mount Juliet Estate in Ireland from Tetrarch

Tipberry, a subsidiary of British building and realty business Penman Holdings, has actually obtained the luxury, 125-room Mount Juliet Estate, Autograph Collection in County Kilkenny in Ireland from Irish investor Tetrarch Capital, for a reported EUR46.5 m (EUR372,000 per space). The estate lies 90 minutes drive southwest of Dublin. Set on some 500 acres, the hotel includes a Jack Nicklaus developed golf course. Penman Holdings likewise owns the four-star, 128-room Johnstown Estate and the four-star, 68-room Trim Castle Hotel, both within an hour’s drive west of Dublin in County Meath.

Quinta do Lago owners obtain Conrad Algarve in Portugal from ECS

The owners of Portuguese golf domestic resort Quinta do Lago have actually gotten the luxury, 144-room Conrad Algarve in Portugal from funds handled by ECS, a Portuguese possession management business owned by US-based financial investment supervisors Davidson Kempner. The residential or commercial property was the very first Conrad in Europe and is positioned in the Algarve area, simply a ten-minute drive from the ocean. The hotel consists of 80 homes, 2 rental properties, a day spa and 6 dining establishments and bars. This acquisition improves the owner’s offerings in the Algarve, that include 14 dining establishments and bars, The Campus sports center, Clube da Quinta residential or commercial property services and 3 champion golf courses.

Peak Hotels gets DoubleTree by Hilton Dunblane Hydro in Scotland

Scottish owner-operator Apex Hotels has actually obtained the four-star, 200-room DoubleTree by Hilton Dunblane Hydro in Dunblane, Scotland. The hotel is positioned 40-minute’s drive northeast of Glasgow, and is set to go through a multi-million-pound repair consisting of bed rooms and public locations, with strategies to stay open throughout. The residential or commercial property will continue to run under the Doubletree by Hilton brand name, making it Apex’s very first hotel that does not bring the Apex brand name. In October 2024, Apex got the luxury, 49-room Vineyard Hotel & & Spa in Newbury in Berkshire in southern England, as reported in this newsletter.

Atalante Hotels gets 2 Ibis hotels in France from AccorInvest

French owner-operator Atalante Hotels has actually gotten the three-star, 98-room ibis Avignon Centre Gare and the three-star, 67-room ibis Orléans Centre Gare from French owner-operator AccorInvest. Located in Avignon and Orléans, both homes have a main area nearby to the primary train station. The Avignon home is set to go through an extensive restoration program. This marks Atalante’s 7th and 8th hotel acquisitions in 2024, with the group’s portfolio now consisting of 32 hotels with 2,525 spaces throughout France, Belgium, Luxembourg, Switzerland and Italy.

Invesco obtains Cloud One Hotel Gdańsk in Poland from Granaria Development

Invesco Real Estate, on behalf of a German customer undertaking its very first hotel acquisition, has actually obtained the three-star, 327-room The Cloud One Hotel Gdańsk, Poland, from Polish property designer Granaria Development Gdańsk, a joint endeavor in between Belgian property designer Immobel and Polish designer Multibud. The home is located on Gdańsk’s Granary Island, simply 2 kilometres from the primary train station. The hotel opened in November 2024 and will be handled and run by Motel One Group under a 25-year lease contract. Invesco prepares to invest into the hotel’s sustainability.

Therme Group gets Hotel Victory Therme Erding in Germany

Austrian health business Therme Group has actually gotten the 134-room Hotel Victory Therme Erding, along with Therme Erding, the world’s biggest thermal medspa, situated in Erding, Germany. The hotel is positioned within the health spa complex, situated a 40-minute drive northeast of Munich. Therme Group utilized its own equity and a EUR320 million financing bundle from Australian lending institution Macquarie Capital’s Principal Finance group to finish the acquisition of the health spa and the hotel. The hotel is developed in the shape of a ship and consists of 2 dining establishments and a bar. The medspa includes 40 swimming pools, 35 saunas and steam baths, and 28 water slides.

Personal financier gets Hyde Park Boutique Hotel in London

A personal global financier has actually supposedly obtained the three-star, 43-room Hyde Park Boutique Hotel in London, UK, from a London-based hotel owner for ₤ 14 million (₤ 325,600 per space). The hotel is located in Bayswater, simply a brief walk north of Hyde Park. The home just recently went through repair and consists of a breakfast space. The hotel is unencumbered by any brand name association or management arrangement.

UMB Group obtains MEININGER Hotel Amsterdam City West

Dutch personal financier UMB Group has actually obtained the 321-room MEININGER Hotel Amsterdam City West in Amsterdam, Netherlands, through a share offer. The acquisition consists of the whole long-lasting rented Busitel mixed-use complex, consisting of workplace, catering centers in the plinth and a parking lot. The residential or commercial property is located 2 minutes from the Sloterdijk train station, simply one train stop from the city centre and 10 minutes to the airport. The hotel consists of a bar, breakfast space and recreation room. UMB prepares to even more purchase the residential or commercial property’s improvements and sustainability.

L&R Properties obtains Holiday Inn Express Folkestone from Stellar AM

London-based investor London & & Regional Properties has actually obtained the two-star, 100-room Holiday Inn Express Folkestone – Channel Tunnel, an IHG Hotel in Folkestone, UK, from British property supervisor Stellar Asset Management, off a guide cost of ₤ 8.5 million (₤ 85,000 per space). The residential or commercial property is positioned simply 800 metres from the Eurotunnel terminal, and about 19 kilometres from Dover ferryboat terminal. In 2018, the hotel went through a repair to line up with IHG’s Holiday Inn Generation 4 requirement. L&R Properties will include the hotel to its Atlas portfolio, that includes 58 hotels throughout the UK.

Extendam and Sohoma get Best Western Hotel in Lyon, France

French personal equity company Extendam, together with French operating partner Sohoma, have actually obtained the four-star, 54-room Best Western Hotel du Pont Wilson in Lyon, France. The home is positioned by the river Rhône in main Lyon, some 1.5 kilometres from the main train station. The hotel consists of coworking area and 2 workshop spaces. Extendam and Sohoma strategy to execute a brand-new earnings and functional management method. In October 2024, the joint endeavor obtained the four-star, 78-room Hotel Mercure Lyon Centre Lumière in Lyon, as reported in this newsletter.

Alpha Real Trust gets Travelodge Liverpool John Lennon Airport Hotel

UK-based investor Alpha Real Trust has actually obtained the three-star, 100-room Travelodge Liverpool John Lennon Airport Hotel in the UK, for ₤ 6.5 million (₤ 65,000 per space). The residential or commercial property was integrated in 2005 and is positioned simply one mile from Liverpool John Lennon Airport. The hotel runs under a 17-year unexpired lease to Travelodge, with the occupant accountable for developing upkeep and with a passing lease of ₤ 0.49 million per year, based on inflation-linked modifications, suggesting a 7.56% yearly yield. With this deal, Alpha Real Trust’s portfolio now makes up 4 Travelodge hotels in the UK.

Square Groupe obtains Ibis Styles Paris Crimée La Villette in Paris

Geneva-based property and personal equity financier Square Groupe has actually gotten the three-star, 40-room ibis Styles Paris Crimée La Villette in France. The hotel is positioned in Paris’ north-eastern 19th district, ideal beside the Crimée city station and simply a five-minute’s walk from the Cent Quatre cultural centre. The home is set to go through a EUR2 million ESG remodelling job that consists of space upgrades and the development of a garden motivated by the works of popular French visual artist Henri Matisse.

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